What if Japan was the model for the United States and the euro zone?

Are economic trends in Japan a harbinger of what now awaits the United States and the euro zone? For instance: The continued rise in the public debt ratio, due to significant public spending and investment needs; Accordingly, the need to keep long-term interest rates low, whatever happens - even if inflation rises, there is full employment or asset prices rise sharply; Labour market settings that result in low wage growth and therefore continuously skew income distribution against wage earners, which prevents a sustained return of inflation and thus helps the central bank keep interest rates low . T his means that demand is stimulated by the fiscal deficit and not by wage increases; As a result, a sharp increase in profitability and excess corporate savings.